Momentum is a 'TWO WAY STREET,' analyst argues

• Momentum is still a primary driver of market returns, with the SPMO ETF showing resilience above its 50-day moving average.
• Recent pullbacks in semiconductor stocks like Micron (MU), Nvidia (NVDA), and Broadcom (AVGO) are seen as healthy unwinds, with these stocks holding key support levels.
• Market breadth is expanding beyond tech, with financials (e.g., Morgan Stanley, Goldman Sachs), healthcare (e.g., UnitedHealth, Johnson & Johnson), and REITs (e.g., Simon Property Group) showing strong performance or potential.

The analyst argues that the momentum bull market remains intact, despite recent pullbacks in some high-flying stocks. He emphasizes that momentum is a key factor driving returns and expects new market highs. The discussion highlights specific semiconductor stocks at key support levels and points to an expansion of market breadth into financials, healthcare, and REITs as positive signs.